Benoy unveils designs for Konoz in Riyadh
‘Konoz’ will help position the capital as a 24-hour destination to live, work, and shop
Benoy has unveiled the design for ‘Konoz’, which is billed as a cutting-edge entertainment city being developed by Saudi-based Abdullah Al Othaim Investment Company in the heart of Riyadh. The project is being developed at a total investment value of US $1.86bn.
A leading shopping mall operator in the Kingdom, Abdullah Al Othaim Investment Company said Konoz (which means ‘Box of Jewels’ in Arabic) will boast an entertainment city, a luxury hotel and premium residential offering in addition to commercial, F&B and retail outlets.
The project’s name reflects the visual and architectural representation of gemstones as a design theme across its various zones. Konoz was first announced by the Abdullah Al Othaim Investment Company in late February 2023.
In mid February 2023, the Saudi Crown Prince launched the New Murabba Development Company to develop the world’s largest modern downtown area in Riyadh.
According to Benoy, the new scheme works as part of the wider ‘Vision 2030’, positioning Riyadh as a 24-hour destination to live, work, and shop. Konoz will include 50,000sqm of state-of-the-art commercial office space and a 20,000sqm entertainment city aimed at supporting Riyadh’s thriving tourism and entertainment industry.
Jamie Webb, Head of EMEA, Benoy, commented, “Our design concept centres around creating an attractive, walk-able district and neighbourhood, where people will be able to enjoy a variety of cultural and leisure activities. Bringing together cues from contemporary and historic Riyadh, with four key districts reflecting the different experiences of Riyadh.”
In addition to its commercial spaces, Konoz is to feature 15,000sqm of green areas, parking for 5,500 vehicles, a 120,000sqm commercial centre, a world-class a luxury hotel with 250 rooms, 120 serviced residential apartments, and an additional apartment complex that includes 700 apartments.
In late March 2023, Roshn inked $2.1bn in agreements with construction firms for the development of infrastructure and facilities.
